For the first time this year, European countries reduced their purchases of American liquefied
Within eight months, European countries purchased 64.2 billion cubic meters of LNG – this figure is almost 4% lower than last year.
Reportedly, in September, the downward trend in US LNG supplies to Europe continued.
This is due to the fact that the cost of gas is too high. And in fact, it turns out that it is more profitable to buy fuel from neighboring countries and pay fines to US suppliers than to buy LNG directly from the US.
Plus, during the summer, European countries filled their storage facilities by 93%.